VIVIMED LABS LTD. - Outcome of Board Meeting (EGM on Sept 04, 2014)
| < Back | |
| 05 Aug 2014 | |
| Vivimed Labs Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 05, 2014, inter alia, have approved the following:<br/><br/>1. Subject to the approval of the shareholders of the Company as per the provisions of the Companies Act, 1956 and Companies Act, 2013, to the extent applicable read with provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 ("SEBI ICDR Regulations") and such other approvals, consent, etc. as may be required in this regard, has decided to issue upto (a) 15,00,000 (fifteen Lakhs only) Warrants having option to apply for and be allotted equivalent number of equity shares of the face value of Rs. 10/- each to the Promoters and (b) 500,000 (five lakhs only) Warrants having option to apply for and be allotted equivalent number of equity shares of the face value of Rs. 10/- each to KITARA PIIN 1102 an existing share holder at an issue price of Rs. 315/- (Face Value Rs. 10/- and Premium of Rs. 305/-), on preferential basis;<br/><br/>2. An Extraordinary General Meeting of the Company will be held on September 04, 2014 at BIDAR, KARANATAKA (at the registered office of the Company) for obtaining Shareholders approval for the proposed Preferential Issue of Warrants. | |
| View all announcements for VIVIMED LABS LTD. | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback